All Posts in “economics”

Happine$$: Things Vs. Experiences

(San Francisco State University psychologist Ryan) Howell enlisted the help of student Paulina Pchelin to survey people making purchases in the local marketplace, documenting their impressions before and after the retail experience. Interestingly, many people told the researchers they thought money spent on an enjoyable life experience would bring happiness, but that material purchases made better financial sense. Only afterward came feelings of buyer’s remorse. Those surveyed later said they not only agreed that life experiences bring greater happiness, but also greater value.

“There were just huge underestimates in how much value people expected to get from their purchase,” Howell said. “It’s almost like people feel they will get no economic value from their life experiences and therefore they feel this tension in spending money on them.”

Article: Money Spent On Life Experiences, Not Material Things, Brings Happiness, Medical Daily

Image credit to Shutterstock

Family Life Has the Effect of a Head Start Program

 “The amount of influence the family life has on a child is eye-opening. Did you know that marriage reduces the probability of child poverty by 80%? Did you further know that a child coming from an “intact married home” is 44% more likely to gain a college degree, 40% less likely to have a child out of wedlock, and will earn $4,000 more per year than a child that did not come from such a home? The power of family life can, in many cases, determine the outcome of a child’s life.

One of the major factors in determining an “intact married home” is the amount of involvement parents have in their child’s life. The same holds true for single-parent households. Children that have parents heavily involved in their life are much more likely to be educationally successful, economically successful, and morally upright than children who do not.

Article: Changing the Conversation on Parenting, Freedoms Journal

Image credit to picfont.com

Too Much Stuff

 “Can having less stuff, in less room, lead to more happiness? Writer Graham Hill makes the case for taking up less space…

Did you know that we Americans have about three times the amount of space we did 50 years ago? Three times. So you’d think with all this extra space, we’d have plenty of room for all of our stuff, right? Nope. There’s a new industry in town. A $22 billion, 2.2 billion square foot industry, that of personal storage. So we’ve got triple the space, but we’ve become such good shoppers that we need even more space. So where does this lead?

Lots of credit card debt, huge environmental footprints, and perhaps not coincidentally, our happiness levels flatlined over the same 50 years.”

Article: Does Less Stuff Mean More Happiness?, WWNO

Image credit to James Duncan Davidson/TED